Is Service Revenue an Asset?
No, service revenue is not an asset. Assets are defined as resources with economic value that a business owns. Whereas…
4 min read
Revenue
Revenue
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Is Unearned Revenue a Liability?
At the end of every accounting period, businesses need to make adjusting entries in order to accurately prepare their financial…
5 min read
What Type of Account Is Unearned Revenue?
You’re probably thinking: unearned revenue has to be a revenue account, right? The word revenue is in it! Well,…
5 min read
What Is Contribution Margin
Index:IntroductionElements of Contribution MarginWhat is the significance of Contribution Margin?How is Contribution Margin used by companies?How is…
4 min read
Cloud ERP: a must have software for every organization
Every business organization has its own unique process and is bound to face operational issues as it grows. The IT…
2 min read